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Minnesota Business For Sale |
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| 168 UNIT COMMON INTEREST COMMUNITY |
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| Attn: Mike Cassens |
| 168 Unit Common Interest Community |
| Tenstrike, MN, USA |
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| Asking Price: |
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$2,950,000 USD USA Dollars |
| Business for Sale Industry: |
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Commercial Real Estate: Land |
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Business for Sale Overview:
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168 Unit Common Interest Community located on a beautiful 2,000 plus acre lake in northern Minnesota.This property consists of 78 acres with 2,000 ft of sandy lake shore. Land has a nice mixture of pine trees and hardwoods. Some of the many features include newly remodeled recreation center/store with new bathrooms and showers, new heated pool, walking trails, boat launch, many dock slips, full Recreational Vehicle hookups, game room, wireless internet and fish cleaning house. This property has final approval as a Common Interest Community. Lots are being sold individually, owners association and documents are in place. 9 lots have recently been sold for retail of $360,000. (168 lots on a choice recreational lake with campground facilities) Do the math. The retail price on the lots is over $6.4 million. This property is priced at less than 50% of retail value. This would be an ideal 1031 tax deferred exchange property, sell the lots over time to spread out your tax liability. Inquiries must sign confidentiality agreement for more information. No Drive Through.
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- The property is leased.
- The owner may be willing to train/assist the new owner.
- The owner may be willing to work for the new owner.
- This may become a homebased business opportunity.
- This may become a franchise opportunity.
- This is not a distressed business or bankruptcy situation.
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